Author: NBTC
Popular blockchain tracking platform Whale Alert, which tracks down large cryptocurrency transfers, has spotted several massive ETH chunks that have been moved in the last 20 hours. More than half a billion worth of U.S. dollars has been shoveled by anonymous whales, while Ethereum ETFs continue to attract millions in inflows. 794 million Ethereum on move The aforementioned data source has detected massive Ethereum transfers, one of which could be called a huge one, and two which could be considered just very large ones. The biggest transfer on this list carried 143,379 ETH – the equivalent of $470,075,827. The “just…
If it wasn’t obvious before, it is now: Presidential favorite Donald Trump is a crypto influencer, whether he knows it or not. Trump recently hinted at expanding his suite of NFTs with a fourth collection. The NFTs have a direct line to Trump (one collection even comes with a physical card containing a piece of his infamous “Mug Shot Suit”), having raised millions of dollars through primary sales, even though floor prices have lagged. Those funds are apparently separate from the $3 million in crypto raised for his campaign last quarter from around 100 donors — just shy of 1%…
The European Securities and Markets Authority (ESMA) has released an Opinion concerning the authorization of global crypto firms under the Markets in Crypto Assets (MiCA) Regulation. This Opinion addresses the risks associated with crypto firms that seek EU authorization for activities such as crypto brokerage while keeping significant parts of their operations, such as intra-group execution venues, outside the EU’s regulatory framework. ESMA highlights concerns about the complex structures of global crypto firms. These structures may involve an EU-authorized broker routing orders to an execution venue located outside the EU. Such arrangements could undermine consumer protection and create an uneven…
Bitcoin miner Marathon Digital Holdings reported a significant loss for the second quarter of this year, citing the impact of Bitcoin’s halving event on its operations as rivals posted similar results. The Fort Lauderdale, Florida, firm faced a substantial net loss and decreased Bitcoin production amid rising operational challenges, according to its latest quarterly figures. The Bitcoin halving event in April, which typically occurs approximately every four years, effectively slashed the reward miners receive for processing transactions by half, rocking the sector as miners have struggled to navigate the change. Financially, the quarter was challenging. Marathon reported a net loss…
Ethereum (ETH) supporter and AI enthusiast Adriano Feria came up with an extremely optimistic Ether price forecast. After the backlash from skeptics, he reconsidered the target, increasing it by 100%. His views are aligned with that of major institutional players, recent data says. Ethereum (ETH) bull case should get us there: Researcher Ethereum (ETH) might reach $50,000 as soon as in the ongoing cryptocurrency market cycle. At the same time, “bullish case” might bring the price of second cryptocurrency to six-digit values, Web3 and AI educator Adriano Feria said on X. Given all the ETH hate in the replies to…
NEAR, the native token of the Layer 1 (L1) blockchain Near Protocol, has surged to a one-month high after breaking out of a previous downtrend that saw the token hit a low of $4 on July 5. Currently trading at $5.93, NEAR has recorded a substantial 20% gain over the past week, propelling it to the 19th position among the top 100 cryptocurrencies. This positive momentum has drawn the attention of venture capital firm Pantera Capital, whose Managing Partner, Paul Veradittakit, has shared several reasons for the firm’s bullish stance on NEAR’s protocol and its growth potential. Scalability Solution Amidst Bitcoin…
Jay Clayton, the former Chair of the U.S. Securities and Exchange Commission (SEC), says successful crypto adoption is forcing regulators to draw up policies in support of the technology. In a new interview on CNBC television, Clayton argues that regulators are having to come to terms with the fact that digital assets like stablecoins are here to stay for the great benefits they provide. “One of the fascinating things about crypto is that it came not through the institutional markets, where most of the financial product development takes place. Most of the financial product development in the globe takes place…
According to data, several longtime holders have recently reactivated wallets containing hundreds of bitcoins for the first time in years. One inactive address, created on April 1, 2013, transferred 126.65 BTC valued at $7.63 million, marking its first transaction in over 11 years. Hundreds and Notably a 1,000 Stack of Vintage Bitcoin Transferred From Idle Wallets This Week On June 27, 2024, a bitcoin whale that held 1,000 BTC valued at $60.31 million moved the funds for the first time in six years. The bitcoins were originally acquired on Aug. 25, 2018. This transaction was confirmed in block 849,746, with…
BlackRock executive Samara Cohen thinks Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs) will be allocated to model portfolios by the end of this year and into 2025. Model portfolios are a basket of different investments crafted by a financial advisor, according to the financial services firm Morningstar. Cohen, BlackRock’s chief investment officer of ETFs and index investments, says in a new interview with Bloomberg that large wirehouses like Morgan Stanley, Wells Fargo and UBS are currently conducting due diligence and looking at risk analytics for the top two crypto assets. “They look at them very differently of course, because…
Alabama lawmakers, businesses, and public and private sector leaders met on Tuesday to discuss how to regulate the crypto market and blockchain technology for the benefit of all stakeholders, as the technology becomes an integral part of the Alabama economy. Representatives of financial services providers including banks, large and small businesses, energy companies, state agencies, legal fraternity, and legislators took part in the discussion with the Alabama Blockchain Study Commission. Alabama lawmakers to study crypto industry The commission is chaired by Sen. Greg Albritton, R-Atmore, who is also the chair for the Senate’s General Fund Budget, while Alabama Securities Commission…